Explain the strategy of product differentiation?
What will be an ideal response?
It is a strategy that firms use to achieve market power. It is accomplished by producing products that have distinct positive identities in consumers' minds.
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Which of the following would NOT be investment?
A. a baking company buying a new oven B. a car dealership adding to the number of cars it has to sell to its customers C. a just-completed home is sold to a household D. a household buing stock in a company
Which of the following occurred during and following the 2008-2009 recession?
a. Unemployment benefits were extended from their normal 26 weeks to up to 99 weeks. b. The Federal Reserve more than doubled the size of the monetary base. c. The federal budget deficit expanded to approximately 10 percent of GDP. d. All of the above are true.